Telkom names new CFO and COO
MTN ringfences R350m for SA network upgrade
14 September 2021
Telkom Kenya has named Allan Wainaina as chief financial officer (CFO) and Kosi Ali as chief operations officer (COO).
The former joins from the Java House Group (JHG), where he was CFO, responsible for its financial management, including its subsidiaries in Uganda, Rwanda,and Nigeria. Prior to that, Wainaina worked for the British American Tobacco Group.
Asi joins with over 25 years of experience from the telecommunications sector. One of his major roles was as vice president at international European vendors Marconi and Ericsson.
Find out moreMTN ringfences R350m for SA network upgrade
07 September 2021
MTN will pump R350m into its network in South Africa, specifically within the provinces of Limpopo, Mpumalanga and North West, to modernise, upgrade, build new sites and transmission links.
The operator said maintaining network quality remains the key objective despite challenges, like battery theft.
“We want to bridge the digital divide and create exciting opportunities for communities, businesses and individual users,” said Kagiso Moncho, MTN general manager for northern region. “Our investment is therefore far more than achieving market share growth in the region – it is about bringing the benefits of the digital world to more people through a stable, secure and innovative network experience.”
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Angola sanctions privatisation of Multitel through public tender
07 September 2021
The president of Angola, João Lourenço, has authorised the privatisation by public tender of 90% of the capital of Multitel Serviços de Telecomunicações, which specialises in providing internet services for businesses.
The leader explained in a new presidential decree that he had taken this decision because Multitel “does not meet the necessary conditions” for its privatisation via the IPO procedure.
The state’s share in Multitel amounts to 90%, via PT Ventures (40%), Angola Telecom (30%) and Banco de Comércio e Indústria (BCI) (20%).
Find out more Econet increases data packages by 20%
07 September 2021
Econet Wireless increased its data packages by 20%, causing a major public outcry in the process.
The company justified its decision by indicating that operating costs have escalated over the past few months.
According to the reviewed Econet data bundle prices, the daily data bundle now costs Z$25 for 20MB up from Z$20. Subscribers will now pay Z$375 for a weekly 370MB data bundle, up from Z$288.
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